34,419 Shares in Marsh & McLennan Companies, Inc. $MRSH Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 34,419 shares of the financial services provider’s stock, valued at approximately $5,737,000.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Marsh & McLennan Companies during the second quarter valued at approximately $6,583,806,000. State Street Corp bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $4,057,682,000. Capital International Investors purchased a new position in Marsh & McLennan Companies during the 4th quarter valued at $3,482,557,000. Capital World Investors bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $3,140,284,000. Finally, Wellington Management Group LLP purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth $2,967,927,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MRSH has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Marsh & McLennan Companies from $180.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday. Citigroup downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Wednesday, July 22nd. Piper Sandler lowered their price objective on shares of Marsh & McLennan Companies from $190.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, Mizuho lifted their price target on shares of Marsh & McLennan Companies from $197.00 to $201.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $203.50.

Marsh & McLennan Companies Trading Up 1.0%

MRSH opened at $192.17 on Friday. The company has a market cap of $91.71 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.59. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.22. Marsh & McLennan Companies, Inc. has a 12-month low of $156.60 and a 12-month high of $212.65. The stock’s fifty day moving average price is $179.88.

Marsh & McLennan Companies (NYSE:MRSH) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.07. Marsh & McLennan Companies had a return on equity of 32.67% and a net margin of 14.24%.The firm had revenue of $7.28 billion during the quarter. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 10.43 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, July 23rd were issued a $0.99 dividend. The ex-dividend date was Thursday, July 23rd. This represents a $3.96 annualized dividend and a dividend yield of 2.1%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.90. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 48.41%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Lloyd M. Yates sold 12,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $175.65, for a total transaction of $2,107,800.00. Following the transaction, the director directly owned 12,001 shares of the company’s stock, valued at $2,107,975.65. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Martin South sold 7,100 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $189.99, for a total transaction of $1,348,929.00. Following the completion of the transaction, the insider directly owned 16,632 shares of the company’s stock, valued at $3,159,913.68. This trade represents a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,469 shares of company stock valued at $6,291,345 in the last ninety days. Company insiders own 0.38% of the company’s stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.